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Wilmington/San Francisco — Tiffany & Co is suing to force LVMH to go through with its $16bn acquisition, while LVMH said on Thursday that it would sue Tiffany to get out of it, in the latest broken deal to wind up in court.

The acrimony between the companies escalated after the French luxury giant moved to back out of its purchase of the iconic jeweller. Bloomberg News reported that LVMH CEO Bernard Arnault, France’s richest man, asked for help from the French government in an effort to pull out of the transaction...

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